The reverse charge will come into effect from 1 January 2020 and this is one of the major GST changes in recent years. If you are a partial exempt person and you have not done anything to cater for the reverse charge, fret not. There is an option for you to apply the reverse charge at the end of the longer period if you are a partial exempt person with fluctuating input tax recovery rate.
The earliest deadline to make the election is 29 February 2020 if your company have a year end of January, April, July or October. For most of the companies who have a March, June, Sept or December year end, the election has to be made by April 2020.
JedTax is pleased to organise a two days advance course on reverse charge, partial exemption and changes in the zero-rating provision